[6] It is true that decisions written on a subject prior to the enactment of a statutory provision thereon are not necessarily controlling. ( Harlie R. Norris Co., Ltd. v. Lovett, 123 Cal.App. 640 [ 12 P.2d 141].) However, the necessity for adherence to the doctrine of stare decisis was very early decided in California in the landmark case of Hart v. Burnett, 15 Cal. 530, 601.
The parties themselves have called it a "subscription agreement", its language and terms make it apparent that it is a subscription agreement irrespective of its title, and finally case construction of similar agreements as well as definitions of terms set forth in the Corporate Securities Act, brand it with finality as such. ( Olds v. Simmons, 123 Cal.App. 275 [ 11 P.2d 36]; People v. Oliver, 102 Cal.App. 29 [ 282 P. 813]; People v. Claggett, 130 Cal.App. 141 [ 19 P.2d 805]; Johnson v. Hulse, 83 Cal.App. 111 [ 256 P. 551]; First National Bank of Calexico v. Thompson, 212 Cal. 388 [ 298 P. 808]; Castle v. Acme Ice Cream Co., 101 Cal.App. 94 [ 281 P. 396]; Black v. Solano Co., 114 Cal.App. 170 [ 299 P. 843]; Rossi v. Jedlick, 115 Cal.App. 230 [ 1 P.2d 1065]; Klombies v. Weeks Poultry Community, 121 Cal.App. 175 [ 8 P.2d 940]; Herkner v. Rubin, 126 Cal.App. 677 [ 14 P.2d 1043]; Harlie R. Norris Co., Ltd., v. Lovett, 123 Cal.App. 640 [ 12 P.2d 141]; Union Bank Tr. Co. v. Joyner, 40 Ariz. 229 [ 11 P.2d 829].) [4] Our courts have uniformly held that these conditions of section 25 must be complied with when such agreements are made, and that a failure to conform to any of them invalidates the subscription.